KISAAN PARIVAR INDUSTRIES LIMITED — Capital/Financing Update 2023

Nov 20, 2023

Monday, Novem ber 20, 2023

To, BSE Limited, P.J. Towers, Dalal Street, Mumbai — ⁴⁰⁰ 001, Maharashtra, India

Respected Sir/ Ma'am,

Open offer made by Ms. Rajani Nanavath, for acquisition of up to 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand) Equity Shares representing 26.00% (Twenty-Six Percent) of the Voting Share Capital of Richirich Inventures Limited from the Public Shareholders of the Target Company. Subject

We would like to inform you that, in accordance with the provisions of Regulation ¹² (1) ofthe Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, ²⁰¹ 1, including subsequent amendments thereto ('SEBI (SAST) Regulations'), we, Swaraj Shares and Securities Private Limited, have been appointed as the Manager to the Offer ('Manager'), by Ms. Rajani Nanavath ('Acquirer'), who has announced an open offer in compliance with the provisions of Regulations 3(1) and ⁴ and such other applicable regulations of the SEBI (SAST) Regulations for acquisition of up to 11,51,994 (Eleven Lakhs Fifty-One Thousand Nine Hundred and Ninety-Four) Equity Shares, representing 24.00% (Twenty Four Percent) of the Pre-Preferential Issue Equity Share Capital of the Target Company (equivalent to 13.09% (Thirteen point Zero Nine Percent) of the Expanded Voting Share Capital of the Richirich Inventures Limited ('Target Company') hom the Public Shareholders of the Target Company.

In culmination of the aforesaid facts, we would like to inform you that, in accordance with the provisions of Regulation ¹² (1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, including subsequent amendments thereto ('SEBI (SAST) Regulations'), we, Swaraj Shares and Securities Private Limited, have been appointed as the Manager to the Offer ('Manager'), and pursuant to the execution of the Share Purchase Agreement, the Acquirers have announced an open offer in compliance with the provisions of Regulations 3(1) and ⁴ and such other applicable regulations of the SEBI (SAST) Regulations for acquisition of up to 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand) Equity Shares, representing 26.00% (Twenty Six Percent) of the Voting Share Capital of the Target Company, at an offer price of Rs.7.00/-(Rupees Seven Only) per Equity Share, to the Public Shareholders of the Target Company, determined in accordance with the parameters prescribed under Regulations ⁸ (1) and ⁸ (2) ofthe SEBI (SAST) Regulations.

In light ofthe above and in accordance with the provisions of Regulations ¹⁸ (12) ofthe SEBI (SAST) Regulations, the Post-Offer Public Announcement ('Post-Offer Public Announcement') for the aforesaid Offer has been published today, i.e., Monday, November 20, ²⁰²³ Financial Express (English daily) (A11 Editions), Jansatta (Hindi daily) (All Editions) and Mumbai Lakshadweep (Marathi Daily) (Mumbai Edition) ('Newspaper') and the same has been enclosed herewith for your kind perusal.

Terms not defined herein shall have the meaning ascribed to them under the Post-Offer Public Announcement.

Swaraj Shares and Securities Private Limited

Q +919874283532/+918097367132 mbd@swarajshares.com www.swarajshares.com

Registered Office - ²¹ Hemant Basu Sarani, 5th Floor, Room No 507, Kolkata - 700001, West Bengal, India Branch Office ^~ Unit 304, A Wing, ²¹⁵ Atrium, Near Courtyard Marriot, Andheri Kuria Road, Andheri East, Mumbai — 400093, Maharashtra, India

Incase you require any further information, please feel free to contact any ofthe following persons of Swaraj Shares and Securities Private Limited:

Contact Person _ r-	Telephone _	E—mail
Mr. Tanmoy		+91-22- 69649974/ 9874283532 comQliance@swara'shares.com/tanmov@swara'shares.com 1 l ]
Banerjee
Ms. Pankita Patel		+91-22-69649973/ 80973 67132 compliance@swaraishares.com/pankita@swarajshares.com

We hope your good selfwill fmd the above in order and request you t0 kindly upload the Post-Offer Public Announcement on your website at the earliest.

Thanking you, Yours faithfully,

For Swaraj Shares and Securities Private Limited

PA ^N KITA PATE ^L giig'iz'fi'3obgs's'ffyfoigziL

Pankita Patel (Director)

Encl.: As above

Swaraj Shares and Securities Private Limited

@ +919874283532/+918097367132 mbd@swarajshares.com www.5warajshares.com

Registered Office - ²¹ Hemant Basu Sarani, 5th Fioor, Room No 507, Kolkata - 700001, West BengaL India Branch Office - Unit 304, A Wing, ²¹⁵ Atrium, Near Courtyard Marriot, Andheri Kurla Road, Andheri East, Mumbai - 400093, Maharashtra, India

FINANCIAL EXPRESS 11

		POST-OFFER PUBLIC ANNOUNCEMENT TO THE PUBLIC SHAREHOLDERS OF RICHIRICH INVENTURES LIMITED
Registered Office: A-1 Emperor Court, Ground Floor, Yashwant Nagar, Vakola, Mumbai - 400055, Maharashtra, India;		Corporate Identification Number: L65990MH1986PLC039163; Contact Number: 022-79664656; Website: www.richirichinventures.com; Email ID: richagro@yahoo.co.in
Open Offer for acquisition of up to 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand) Equity Shares representing 26.00% (Twenty-Six Percent) of the Expanded Voting Capital of Richirich Inventures Limited at an offer price of `7.00/- (Rupees Seven Only) per Equity Share,
payable in cash, to the Public Shareholders of the Target Company, by Ms. Rajani Nanavath ('Acquirer') pursuant to and in compliance with the provisions of SEBI (SAST) Regulations.
This Post-Offer Public Announcement is being issued by Swaraj Shares and Securities Private Limited, the Manager to the Offer ('Manager'), on behalf of the Acquirer, in connection with the Offer made by the Acquirer to the Public Shareholders of the Target Company, pursuant to and in compliance with
the provisions of Regulation 18 (12) and other applicable provisions under the SEBI (SAST) Regulations ('Post-Offer Public Announcement'). This Post Offer Public Announcement should be read in continuation of, and in conjunction with the: a) Public Announcement dated Wednesday, July 05, 2023 ('Public Announcement'), (b) Detailed Public Statement dated Monday, July 10, 2023, in connection with this Offer, published on behalf of the Acquirer
on Tuesday, July 11, 2023, in Financial Express (English Daily) (All India Editions), Jansatta (Hindi daily) (All Editions) and Mumbai Lakshadweep (Marathi Daily) (Mumbai Edition) ('Newspapers') ('Detailed Public Statement'), (c) Draft Letter of Offer dated Tuesday, July 18, 2023 ('Draft Letter of Offer'),
(d) Letter of Offer along with the Form of Acceptance-cum-Acknowledgement dated Thursday, October 05, 2023 ('Letter of Offer'), (e) Recommendations of the Independent Directors of the Target Company which were approved on approved on Thursday, October 12, 2023, and published in the Newspapers on Friday, October 13, 2023 ('Recommendations of the Independent Directors of the Target Company'), and (f) Pre-Offer Public
Announcement which was approved on Friday, October 13, 2023, and published in the Newspapers on Monday, October 16, 2023 ('Pre-Offer Public Announcement').
1. Name of the Target Company		Richirich Inventures Limited', a public limited company incorporated on March 07, 1986, under the provisions of the Companies Act, 1956, bearing CIN 'L65990MH1986PLC039163', with its registered office located
		at A-1 Ground Floor, Emperor Court Church View Yashwant Nagar, Vakola, Santacruz (East), Mumbai – 400055, Maharashtra, India 2. Name of the Acquirer and PACs Ms. Rajani Nanavath, d/o Mr. Koteru Seshireddy, aged 35 years, Indian Resident, bearing Permanent Account Number 'CEUPK7679K' under the Income Tax Act, 1961, resident at 3-167, Savabanda Thanda,
		Polkampally, Doulathabad Mandal, Polkampalle, Mahabubnagar - 509336, Telangana, India. There are no persons acting in concert with the Acquirer for the purpose of this Offer.
3. Name of Manager to the Offer 4. Name of Registrar to the Offer	Swaraj Shares and Securities Private Limited	Venture Capital and Corporate Investments Private Limited
5. Offer Details 5.1 Date of Opening of the Offer		Tuesday, October 17, 2023
5.2 Date of Closing of the Offer 6. Date of Payment of Consideration Friday, November 10, 2023		Tuesday, October 31, 2023
7. Details of the Acquisition Particulars	Proposed in the Offer Document			Actuals
7.1 Offer Price	(Assuming full acceptance in this Offer) 7.00/- | | |7.00/-
7.2 Aggregate number of Equity	(Rupees Seven Only) 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand)			(Rupees Seven Only) 20,825
Shares tendered 7.3 Aggregate number of Equity Shares accepted	22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand)			(Twenty Thousand Eight Hundred and Twenty-Five) 20,825
7.4 Size of the Open Offer(Number of Equity Shares multiplied by Offer	1,60,16,000.00/- | | (Twenty Thousand Eight Hundred and Twenty-Five)<br>1,45,775.00/- (Rupees One Lakh Forty-Five Thousand
Price per Equity Share)		(Rupees One Crore Sixty Lakhs and Sixteen Thousand Only) Seven Hundred and Seventy-Five Only) 7.5 Shareholding of the Acquirer before the Share Purchase Agreement/ Public Announcement
a) Number of Equity Shares	—			— POST-OFFER PUBLIC ANNOUNCEMENT TO THE PUBLIC SHAREHOLDERS OF
b) % of total Expanded Voting Share Capital 7.6 Equity Shares proposed to be acquired by way of Share Purchase Agreement	—			— RICHIRICH INVENTURES LIMITED
a) Number of Equity Shares	11,51,994 11,51,994 Corporate Identification Number: L65990MH1986PLC039163; (Eleven Lakhs Fifty-One Thousand
b) % of total Expanded Voting Share	Nine Hundred and Ninety-Four) 13.09%		(Eleven Lakhs Fifty-One Registered Office: A-1 Emperor Court, Ground Floor, Yashwant Nagar, Vakola, Mumbai - 400055, Maharashtra, India; Thousand Nine Hundred and Ninety-Four) Contact Number: 022-79664656; Website: www.richirichinventures.com; Email ID: richagro@yahoo.co.in 13.09%
Capital 7.7 Equity Shares acquired by way of Offer	(Thirteen-point Zero Nine Percent)	Open Offer for acquisition of up to 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand) Equity Shares representing 26.00% (Twenty-Six		(Thirteen-point Zero Nine Percent)
a) Number of Equity Shares	Percent) of the Expanded Voting Capital of Richirich Inventures Limited at an offer price of `7.00/- (Rupees Seven Only) per Equity Share, 22,88,000 (Twenty-Two Lakhs Eighty-Eight Thousand)		20,825 (Twenty Thousand Eight Hundred and Twenty-Five)
b) % of total Expanded Voting Share Capital	26.00% (Twenty-Six Percent)	the provisions of SEBI (SAST) Regulations.		payable in cash, to the Public Shareholders of the Target Company, by Ms. Rajani Nanavath ('Acquirer') pursuant to and in compliance with 0.24% (Zero-point Two Four Percent)
7.8 Equity Shares acquired after the Detailed Public StatementFurther, vide Board Resolution dated Friday, September 08, 2023, the Target Company has allotted 40,00,000 Equity Shares, to the Acquirer vide Share Subscription Agreement (Preferential Issue)		This Post-Offer Public Announcement is being issued by Swaraj Shares and Securities Private Limited, the Manager to the Offer ('Manager'), on behalf
a) Number of Equity Shares acquired	40,00,000 (Forty Lakhs)		of the Acquirer, in connection with the Offer made by the Acquirer to the Public Shareholders of the Target Company, pursuant to and in compliance with 40,00,000 the provisions of Regulation 18 (12) and other applicable provisions under the SEBI (SAST) Regulations ('Post-Offer Public Announcement'). This Post (Forty Lakhs)
b) Price of the Equity Shares acquired	6.00/-<br>Offer Public Announcement should be read in continuation of, and in conjunction with the: a) Public Announcement dated Wednesday, July 05, 2023<br>(Rupees Six Only) | | |6.00/- (Rupees Six Only)
c) % of total Expanded Voting Share Capital	('Public Announcement'), (b) Detailed Public Statement dated Monday, July 10, 2023, in connection with this Offer, published on behalf of the Acquirer 45.46% 45.46% on Tuesday, July 11, 2023, in Financial Express (English Daily) (All India Editions), Jansatta (Hindi daily) (All Editions) and Mumbai Lakshadweep (Marathi (Forty-Five-point Four Six Percent) (Forty-Five-point Four Six Percent) Daily) (Mumbai Edition) ('Newspapers') ('Detailed Public Statement'), (c) Draft Letter of Offer dated Tuesday, July 18, 2023 ('Draft Letter of Offer'),
7.9 Post-Offer shareholding of the Acquirer a) Number of Equity Shares	74,39,994	(d) Letter of Offer along with the Form of Acceptance-cum-Acknowledgement dated Thursday, October 05, 2023 ('Letter of Offer'), (e) Recommendations		51,72,819
b) % of total Expanded Voting Share	(Seventy-Four Lakhs Thirty-Nine Thousand Nine Hundred and Ninety-Four) 84.55%	of the Independent Directors of the Target Company which were approved on approved on Thursday, October 12, 2023, and published in the Newspapers on Friday, October 13, 2023 ('Recommendations of the Independent Directors of the Target Company'), and (f) Pre-Offer Public		(Fifty-One Lakhs Seventy-Two Thousand Eight Hundred and Nineteen) 58.78%
Capital 7.10 Pre-Offer and Post-Offer shareholding of the Public Shareholders (excluding the parties to the Share Purchase Agreement)	(Eighty-Four-point Five Five Percent)	Announcement which was approved on Friday, October 13, 2023, and published in the Newspapers on Monday, October 16, 2023 ('Pre-Offer Public		(Fifty-Eight-point Seven Eight Percent)
Announcement'). Particulars 1. a) Number of Equity Shares	Pre-Offer Name of the Target Company 36,48,006	Post-Offer 13,60,006	Pre-Offer 36,48,006	Post-Offer Richirich Inventures Limited', a public limited company incorporated on March 07, 1986, under the provisions 36,27,181
	(Thirty-Six Lakhs Forty-Eight Thousand and Six)	(Thirteen Lakhs Sixty Thousand and Six)	(Thirty-Six Lakhs and Six)	(Thirty-Six Lakhs of the Companies Act, 1956, bearing CIN 'L65990MH1986PLC039163', with its registered office located Forty-Eight Thousand Twenty-Seven Thousand at A-1 Ground Floor, Emperor Court Church View Yashwant Nagar, Vakola, Santacruz (East), Mumbai – One Hundred and
b) % of total Expanded Voting Share Capital 2.	41.45% (Forty-One-point	15.45% Name of the Acquirer and PACs Ms. Rajani Nanavath, d/o Mr. Koteru Seshireddy, aged 35 years, Indian Resident, bearing Permanent (Fifteen-point Four	400055, Maharashtra, India 41.45% (Forty-One-point	Eighty-One) 41.22% (Forty-One-point
8. The Acquirer accepts full responsibility for the information contained in this Post-Offer Public Announcement and her obligations specified under SEBI (SAST) Regulations.	Four Five Percent)	Five Percent)	Four Five Percent)	Two Two Percent) Account Number 'CEUPK7679K' under the Income Tax Act, 1961, resident at 3-167, Savabanda Thanda, Polkampally, Doulathabad Mandal, Polkampalle, Mahabubnagar - 509336, Telangana, India.
9. The Acquirer will consummate the Share Purchase Agreements transaction in accordance with the provisions of Regulations 22 (1), and 22 (3) read with 17 of the SEBI (SAST) Regulations, and will make an application for reclassification of hereself as the promoter of the Target Company in accordance with the provisions of Regulation 31A (10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure 3.	Name of Manager to the Offer			There are no persons acting in concert with the Acquirer for the purpose of this Offer. Swaraj Shares and Securities Private Limited
Requirements) Regulations, 2015, including subsequent amendments thereto ('SEBI (LODR) Regulations'). 10. A copy of this Post-Offer Public Announcement will be accessible on the websites of Securities and Exchange Board of India at 4. www.sebi.gov.in, BSE at www.bseindia.com and the registered office of the Target Company.	Name of Registrar to the Offer			Venture Capital and Corporate Investments Private Limited
5. specified.	11. The capitalized terms used in this Post-Offer Public Announcement shall have the meaning assigned to them in the Letter of Offer, unless otherwise Offer Details
5.1 Date of Opening of the Offer Tuesday, October 17, 2023 ISSUED BY MANAGER TO THE OFFER
6.	5.2 Date of Closing of the Offer		Tuesday, October 31, 2023
Date of Payment of Consideration Friday, November 10, 2023 Swaraj Shares and Securities Private Limited 7. Details of the Acquisition Corporate Identification Number: U51101WB2000PTC092621
Principal Place of Business: Unit No 304, A Wing, 215 Atrium, Near Courtyard Marriot, Andheri East, Mumbai- 400093, Maharashtra, India Particulars Proposed in the Offer Document Contact Person: Pankita Patel/ Tanmoy Banerjee
Contact Number: +91-22-69649999 (Assuming full acceptance in this Offer) Email Address: compliance@swarajshares.com Investor grievance Email Address: investor.relations@swarajshares.com 7.1 Offer Price
SEBI Registration Number: INM00012980 Validity: Permanent				`7.00/- (Rupees Seven Only) Sd/-
Date: Friday, November 17, 2023 Place: Mumbai	7.2 Aggregate number of Equity Shares tendered			22,88,000 Ms. Rajani Nanavath Acquirer (Twenty-Two Lakhs Eighty-Eight Thousand)